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Updated over 8 years ago,
Buying a portfolio of rental properties that r cashflow positive.
So this is our first post here on bigger pockets. We are trying to build our real estate business so we can work for ourselves and quit our jobs. We have been calling agents all over the US and looking for deals. We currently live and own a property in California but are looking to expand. We have come across an agent that has a book of 22 properties that they are looking to sell as a whole for their client. We've looked up the properties online and done some research. They are all currently rented and the total rental is more than 1% of the total purchase price. They range from SFR to quads. I am curious as to options to purchase this book as it is more than what we were looking for but if the numbers make sense we should go for it. The total value they are asking for the book of properties is about $2,500,000 and they are all currently rented for $28,500 a month total. If anyone has any advice on where to go for funding for something like this or how to structure this deal we would really appreciate the help. Thanks for looking...